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Sudanese pound gains on the black market on the second day after the devaluation 

The Sudanese pound strengthened against the dollar on the black market on Tuesday, two days after a steep devaluation, while the official price remained stable at 375, traders said.

A dollar went for 370 Sudanese pounds, they said, compared with 380 to 385 on Monday.

Aligning the official and black market rates is central to the success of the devaluation, a reform aimed at extracting Sudan from an economic crisis and gaining access to debt relief.

Parallel market trade had slowed to a halt since the devaluation, traders said, amid uncertainty over how the government would manage it. Some people visited banks to sell their dollars for the first time.

Source: Reuters

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